3 October 2024
Time Finance plc
("Time Finance", the "Group" or the "Company")
Director Share Purchases
Time Finance plc, the AIM listed independent specialist finance provider, announces that on 1 October 2024, James Roberts, Chief Financial Officer of the Company, purchased 16,675 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a volume weighted average price of 59.85 pence per share.
In addition, on 2 October 2024 Tanya Raynes, Non-Executive Chair, purchased 4,939 Ordinary Shares at a price of 60.73 pence per share.
Following these transactions, James Roberts, has a total beneficial interest in 654,163 Ordinary Shares representing 0.71% of the Company's issued share capital. Tanya Raynes holds a total of 36,776 Ordinary Shares, representing 0.04% of the Company's issued share capital.
The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
- Ends -
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For further information, please contact: | |
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| Time Finance plc | |
| Ed Rimmer, Chief Executive Officer | 01225 474230 |
| James Roberts, Chief Financial Officer | 01225 474230 |
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| Cavendish Capital Markets (NOMAD and Broker) | 0207 220 0500 |
| Ben Jeynes / Dan Hodkinson (Corporate Finance) Michael Johnson / George Budd / Charlie Combe (Sales and ECM) | |
| | |
| Walbrook PR | 0207 933 8780 |
| Nick Rome / Joe Walker | Timefinance@walbrookpr.com |
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About Time Finance:
Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.
More information is available on the Company website www.timefinance.com.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Tanya Raynes | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Chair | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Time Finance plc | ||||
| b) | LEI | 213800VG3QJGBP2MKR86
| ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
| ||||
| b) | Nature of the transaction | On market purchases of Ordinary Shares
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| c) | Price(s) and volume(s)
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| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A Single transaction | ||||
| e) | Date of the transaction | 2 October 2024
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| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
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| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | James Roberts | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer
| ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Time Finance plc | ||||
| b) | LEI | 213800VG3QJGBP2MKR86
| ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p each
ISIN: GB00BCDBXK43
| ||||
| b) | Nature of the transaction | On market purchases of Ordinary Shares
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
-16,675 - 59.85 | ||||
| e) | Date of the transaction | 1 October 2024
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| f) | Place of the transaction | LONDON STOCK EXCHANGE (AIMX)
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